|
CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Chin: Biofuel production won’t erode food supply
21/08/2008 (The Star Online) - THE PROMOTION of the biofuel industry will not affect food supply from palm oil-based products, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
Brazil to establish oil palm plantations on degraded Amazon rainforest lands
20/08/2008 (Mongabay.com) - Brazil to compete with Malaysia in palm oil production but environmentalists worry redrawing of forest reserve law will hurt biodiversity conservation efforts.
No Short Supply Of Palm Oil-derived Food Despite Palm Oil Use For Biofuel, Says Peter Chin
20/08/2008 (Bernama), Kuala Lumpur - There will be no short supply of palm oil-derived food with the use of palm oil to produce biofuel, the Dewan Rakyat was told Wednesday.
Contract defaults hammer edible oil price
20/08/2008 (The Economic Times), New Delhi - The edible oil industry has come to a standstill after crude palm oil crashed on Tuesday to 50% of this year’s top price. The trade is in disarray as buyers in top importers like India, Pakistan and China are reneging on contracts while the market bottoms out.
Palm oil importers seek re-adjustment in overseas contract
20/08/2008 (The Hindu), New Delhi - Falling global palm oil prices is a welcome news for consumers but not for importers who are now seeking a re-adjustment in their overseas contract to ward off losses, Solvent Extractors Association said on Tuesday.
Envo Diesel Project Can Start If CPO Price Remains At Below RM3,000
19/08/2008 (Bernama), Kuala Lumpur - Usage of Envo diesel, a palm-based biofuel, can start this year if the crude palm oil price (CPO) remains at below RM3,000 a tonne, Deputy Minister of Plantation Industries and Commodities A. Kohilan Pillay said today.
IOI shines with RM2.23bil profit
19/08/2008 (The Star Online), Petaling Jaya - IOI Corp Bhd posted an impressive 42% jump in pre-tax profit to RM856mil for its fourth quarter ended June 30 against RM602mil a year ago, backed by overall strong crude palm oil (CPO) prices, good earnings from the manufacturing of oleochemicals and property business.
Importers defer payments as palm oil price falls
19/08/2008 (The Financial Express) - The unexpected slump in commodities prices seen over the last couple of weeks is having its fallout all across. The latest to join the bandwagon are edible oil traders from India who are re-negotiating and seeking deferment of some of the palm oil import contract with Malaysian sellers to ward off loses due to sudden fall.
Victory - Indonesia\'s peat forest gains temporary protection
18/08/2008 (Greenpeace), Riau, Indonesia — In a rare piece of good news for Indonesia's forest, a regional governor has announced an interim ban on deforestation in Riau, one of the areas currently worst affected by rapid deforestation. The ban, especially if made permanent, is also good news for the climate.
